Global Blowout Preventer Market Research Report 2024(Status and Outlook)

Global Blowout Preventer Market Research Report 2024(Status and Outlook)



Report Overview:

Blowout Preventer (BOP) is a safety device used to ""prevent"" the uncontrolled flow of liquids and gases during well drilling operations.

Blowout preventers are large, high-pressure valves that are capable of being remotely controlled. When the driller closes the valve, a pressure-tight seal is formed at the top of the well, preventing the fluids from escaping. There are two major types of Blowout Preventers, Annular BOP and Ram BOP. Annular BOPs are usually mounted to the very top of the BOP stack. The drilling crew then mounts two, three, or four RAM BOPs below the Annular preventer. If a kick is detected, the annular is usually closed first and then the RAM is used as a backup if the Annular should fail.

Blowout preventers are used on land wells, offshore rigs, and subsea wells. Land and subsea BOPs are secured to the top of the wellbore, known as the wellhead. BOPs on offshore rigs are mounted below the rig deck. Subsea BOPs are connected to the offshore rig above by a drilling riser that provides a continuous pathway for the drill string and fluids emanating from the wellbore.

The Global Blowout Preventer Market Size was estimated at USD 9192.34 million in 2023 and is projected to reach USD 9815.97 million by 2029, exhibiting a CAGR of 1.10% during the forecast period.

This report provides a deep insight into the global Blowout Preventer market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Blowout Preventer Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Blowout Preventer market in any manner.

Global Blowout Preventer Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

GE Oil & Gas

Cameron

National Oilwell Varco

Uztel

Rongsheng Machinery

Halliburton

OJSC NaftaGaz

MSP/DRILEX

Jiangsu Xinde

Fountain Petro

Control Flow

GCOP

Jiangsu Jinshi

Well Control

Shenkai

NETS

Market Segmentation (by Type)

Annular BOP

Ram BOP

Market Segmentation (by Application)

Onshore Wells

Offshore Wells

Geographic Segmentation
  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Blowout Preventer Market
  • Overview of the regional outlook of the Blowout Preventer Market:
Key Reasons to Buy this Report:
  • Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
  • This enables you to anticipate market changes to remain ahead of your competitors
  • You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
  • The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 6-month post-sales analyst support
Customization of the Report

In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are met.

Note: this report may need to undergo a final check or review and this could take about 48 hours.

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Blowout Preventer Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the Market's Competitive Landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.


1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Blowout Preventer
1.2 Key Market Segments
1.2.1 Blowout Preventer Segment by Type
1.2.2 Blowout Preventer Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Blowout Preventer Market Overview
2.1 Global Market Overview
2.1.1 Global Blowout Preventer Market Size (M USD) Estimates and Forecasts (2019-2030)
2.1.2 Global Blowout Preventer Sales Estimates and Forecasts (2019-2030)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Blowout Preventer Market Competitive Landscape
3.1 Global Blowout Preventer Sales by Manufacturers (2019-2024)
3.2 Global Blowout Preventer Revenue Market Share by Manufacturers (2019-2024)
3.3 Blowout Preventer Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Blowout Preventer Average Price by Manufacturers (2019-2024)
3.5 Manufacturers Blowout Preventer Sales Sites, Area Served, Product Type
3.6 Blowout Preventer Market Competitive Situation and Trends
3.6.1 Blowout Preventer Market Concentration Rate
3.6.2 Global 5 and 10 Largest Blowout Preventer Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Blowout Preventer Industry Chain Analysis
4.1 Blowout Preventer Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Blowout Preventer Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 Blowout Preventer Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Blowout Preventer Sales Market Share by Type (2019-2024)
6.3 Global Blowout Preventer Market Size Market Share by Type (2019-2024)
6.4 Global Blowout Preventer Price by Type (2019-2024)
7 Blowout Preventer Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Blowout Preventer Market Sales by Application (2019-2024)
7.3 Global Blowout Preventer Market Size (M USD) by Application (2019-2024)
7.4 Global Blowout Preventer Sales Growth Rate by Application (2019-2024)
8 Blowout Preventer Market Segmentation by Region
8.1 Global Blowout Preventer Sales by Region
8.1.1 Global Blowout Preventer Sales by Region
8.1.2 Global Blowout Preventer Sales Market Share by Region
8.2 North America
8.2.1 North America Blowout Preventer Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Blowout Preventer Sales by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific Blowout Preventer Sales by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America Blowout Preventer Sales by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa Blowout Preventer Sales by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 GE Oil and Gas
9.1.1 GE Oil and Gas Blowout Preventer Basic Information
9.1.2 GE Oil and Gas Blowout Preventer Product Overview
9.1.3 GE Oil and Gas Blowout Preventer Product Market Performance
9.1.4 GE Oil and Gas Business Overview
9.1.5 GE Oil and Gas Blowout Preventer SWOT Analysis
9.1.6 GE Oil and Gas Recent Developments
9.2 Cameron
9.2.1 Cameron Blowout Preventer Basic Information
9.2.2 Cameron Blowout Preventer Product Overview
9.2.3 Cameron Blowout Preventer Product Market Performance
9.2.4 Cameron Business Overview
9.2.5 Cameron Blowout Preventer SWOT Analysis
9.2.6 Cameron Recent Developments
9.3 National Oilwell Varco
9.3.1 National Oilwell Varco Blowout Preventer Basic Information
9.3.2 National Oilwell Varco Blowout Preventer Product Overview
9.3.3 National Oilwell Varco Blowout Preventer Product Market Performance
9.3.4 National Oilwell Varco Blowout Preventer SWOT Analysis
9.3.5 National Oilwell Varco Business Overview
9.3.6 National Oilwell Varco Recent Developments
9.4 Uztel
9.4.1 Uztel Blowout Preventer Basic Information
9.4.2 Uztel Blowout Preventer Product Overview
9.4.3 Uztel Blowout Preventer Product Market Performance
9.4.4 Uztel Business Overview
9.4.5 Uztel Recent Developments
9.5 Rongsheng Machinery
9.5.1 Rongsheng Machinery Blowout Preventer Basic Information
9.5.2 Rongsheng Machinery Blowout Preventer Product Overview
9.5.3 Rongsheng Machinery Blowout Preventer Product Market Performance
9.5.4 Rongsheng Machinery Business Overview
9.5.5 Rongsheng Machinery Recent Developments
9.6 Halliburton
9.6.1 Halliburton Blowout Preventer Basic Information
9.6.2 Halliburton Blowout Preventer Product Overview
9.6.3 Halliburton Blowout Preventer Product Market Performance
9.6.4 Halliburton Business Overview
9.6.5 Halliburton Recent Developments
9.7 OJSC NaftaGaz
9.7.1 OJSC NaftaGaz Blowout Preventer Basic Information
9.7.2 OJSC NaftaGaz Blowout Preventer Product Overview
9.7.3 OJSC NaftaGaz Blowout Preventer Product Market Performance
9.7.4 OJSC NaftaGaz Business Overview
9.7.5 OJSC NaftaGaz Recent Developments
9.8 MSP/DRILEX
9.8.1 MSP/DRILEX Blowout Preventer Basic Information
9.8.2 MSP/DRILEX Blowout Preventer Product Overview
9.8.3 MSP/DRILEX Blowout Preventer Product Market Performance
9.8.4 MSP/DRILEX Business Overview
9.8.5 MSP/DRILEX Recent Developments
9.9 Jiangsu Xinde
9.9.1 Jiangsu Xinde Blowout Preventer Basic Information
9.9.2 Jiangsu Xinde Blowout Preventer Product Overview
9.9.3 Jiangsu Xinde Blowout Preventer Product Market Performance
9.9.4 Jiangsu Xinde Business Overview
9.9.5 Jiangsu Xinde Recent Developments
9.10 Fountain Petro
9.10.1 Fountain Petro Blowout Preventer Basic Information
9.10.2 Fountain Petro Blowout Preventer Product Overview
9.10.3 Fountain Petro Blowout Preventer Product Market Performance
9.10.4 Fountain Petro Business Overview
9.10.5 Fountain Petro Recent Developments
9.11 Control Flow
9.11.1 Control Flow Blowout Preventer Basic Information
9.11.2 Control Flow Blowout Preventer Product Overview
9.11.3 Control Flow Blowout Preventer Product Market Performance
9.11.4 Control Flow Business Overview
9.11.5 Control Flow Recent Developments
9.12 GCOP
9.12.1 GCOP Blowout Preventer Basic Information
9.12.2 GCOP Blowout Preventer Product Overview
9.12.3 GCOP Blowout Preventer Product Market Performance
9.12.4 GCOP Business Overview
9.12.5 GCOP Recent Developments
9.13 Jiangsu Jinshi
9.13.1 Jiangsu Jinshi Blowout Preventer Basic Information
9.13.2 Jiangsu Jinshi Blowout Preventer Product Overview
9.13.3 Jiangsu Jinshi Blowout Preventer Product Market Performance
9.13.4 Jiangsu Jinshi Business Overview
9.13.5 Jiangsu Jinshi Recent Developments
9.14 Well Control
9.14.1 Well Control Blowout Preventer Basic Information
9.14.2 Well Control Blowout Preventer Product Overview
9.14.3 Well Control Blowout Preventer Product Market Performance
9.14.4 Well Control Business Overview
9.14.5 Well Control Recent Developments
9.15 Shenkai
9.15.1 Shenkai Blowout Preventer Basic Information
9.15.2 Shenkai Blowout Preventer Product Overview
9.15.3 Shenkai Blowout Preventer Product Market Performance
9.15.4 Shenkai Business Overview
9.15.5 Shenkai Recent Developments
9.16 NETS
9.16.1 NETS Blowout Preventer Basic Information
9.16.2 NETS Blowout Preventer Product Overview
9.16.3 NETS Blowout Preventer Product Market Performance
9.16.4 NETS Business Overview
9.16.5 NETS Recent Developments
10 Blowout Preventer Market Forecast by Region
10.1 Global Blowout Preventer Market Size Forecast
10.2 Global Blowout Preventer Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Blowout Preventer Market Size Forecast by Country
10.2.3 Asia Pacific Blowout Preventer Market Size Forecast by Region
10.2.4 South America Blowout Preventer Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of Blowout Preventer by Country
11 Forecast Market by Type and by Application (2025-2030)
11.1 Global Blowout Preventer Market Forecast by Type (2025-2030)
11.1.1 Global Forecasted Sales of Blowout Preventer by Type (2025-2030)
11.1.2 Global Blowout Preventer Market Size Forecast by Type (2025-2030)
11.1.3 Global Forecasted Price of Blowout Preventer by Type (2025-2030)
11.2 Global Blowout Preventer Market Forecast by Application (2025-2030)
11.2.1 Global Blowout Preventer Sales (K Units) Forecast by Application
11.2.2 Global Blowout Preventer Market Size (M USD) Forecast by Application (2025-2030)
12 Conclusion and Key Findings

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